Major stock indexes in the Asia-Pacific region traded mixed during the afternoon session on Tuesday after United States President Donald Trump reiterated that tariffs on vehicles produced outside the US would take effect soon and stressed that pharmaceutical duties would follow. Additionally, the Bank of Japan board members signaled further interest rate hikes if inflation continues to trend upward.
Japan's Nikkei 225 gained 0.54% at 7:18 am CET, while Hong Kong's Hang Seng decreased by 1.93% and South Korea's Kospi declined by 0.55%. In mainland China, the Shanghai Composite was flat while the Shenzhen Composite lost 0.39% at 7:19 am CET. Australia's S&P/ASX 200 traded flat at the closing bell.
The dollar traded 0.10% lower against the yen at 7:19 am CET, selling for 150.55100.
